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41 D Statement of Accounting Officer’s responsibilities Under the Parliamentary Standards Act 2009, HM Treasury has directed the Independent Parliamentary Standards Authority to prepare for each financial year a statement of accounts in the form and on the basis set out in the Accounts Direction at Section 4. The accounts are prepared on an accruals basis and must give a true and fair view of the state of affairs of IPSA and of its net resource outturn, changes in taxpayers’ equity and cash flows for the financial year. In preparing the accounts, the Accounting Officer is required to comply with the requirements of the Government Financial Reporting Manual and in particular to: • observe the Accounts Direction issued by HM Treasury, including the relevant accounting and disclosure requirements, and apply suitable accounting policies on a consistent basis; • make judgements and estimates on a reasonable basis; • state whether applicable accounting standards as set out in the Government Financial Reporting Manual have been followed, and disclose and explain any material departures in the accounts; • prepare the accounts on a going concern basis. The responsibilities of an Accounting Officer, including responsibility for the propriety and regularity of the public finances for which the Accounting Officer is answerable, for keeping proper records and for safeguarding IPSA’s assets, are set out in Managing Public Money, published by HM Treasury. IPSA Annual Report and Accounts 2011-2012
42 E Governance Statement 2011-12 Scope of responsibility As provided for by the Parliamentary Standards Act 2009, IPSA is a body corporate, independent of Government and Parliament. As Chief Executive Officer, I am Accounting Officer for IPSA, appointed by the Speaker of the House of Commons. As Accounting Officer, I have responsibility for maintaining a sound system to manage and control the resources used to support the achievement of IPSA’s policies, aims and objectives, whilst safeguarding the public funds and authority assets for which I am personally responsible, in accordance with the responsibilities assigned to me in Managing Public Money. Activities My report at Part 1 covers activities undertaken by IPSA during the financial year 2011-12. IPSA’s two key statutory functions – regulation and administration – essentially remained unchanged. Our regulatory remit, however, expanded: in addition to our responsibility for the MPs’ Scheme of Business Costs and Expenses, during the year, Parliament asked us to set the level of MPs’ pay and pensions. As detailed in my report, we also introduced a number of improvements to our administration, and embarked on a programme to ensure IPSA delivers the savings it has committed to deliver while maintaining output and appropriate levels of assurance. I am confident the control framework described in this Governance Statement was appropriate for our activities during 2011-12. Governance Framework The following processes maintain and review the effectiveness of the system of internal control and risk management: • A Senior Leadership Team which meets weekly to discuss and consider current business issues. • A clear strategy and corporate plan that set out the key priorities and activities across the next four years. The plan includes IPSA’s Key Performance Indicators (KPIs) and associated targets, each clearly owned by a senior manager. These are monitored on a monthly basis and a management report is provided at monthly Board meetings. • The Risk and Assurance Working Group which has responsibility for the management of risk and issues across the Authority, including advising the Audit Committee (which supports the Board) on questions around risk appetite and for ensuring that all staff are aware of and use the risk management processes. • Internal Audit services, provided by PricewaterhouseCoopers (PwC). The Internal Audit service provides regular reports, which meet the Government Internal Audit Standards and delivers an independent opinion on the adequacy and effectiveness of IPSA’s risk, control and governance arrangements together with recommendations for improvement. • The Audit Committee, which has met in June, July, October and December 2011 and January 2012 and will continue to meet at least twice a year. • A Change Board to provide project management oversight and to approve and monitor all projects which result in changes to IPSA’s operational processes, supported by a dedicated change manager. The Accounting Officer has received assurance statements from the Director of Operations, Director of Policy and Director of Finance and Corporate Services which IPSA Annual Report and Accounts 2011-2012
Page 1 and 2: Independent Parliamentary Standards
Page 3 and 4: © Crown Copyright 2012 You may re-
Page 5 and 6: PART III: Annual Report by the Comp
Page 7 and 8: 6 Chair’s Introduction IPSA has c
Page 9 and 10: 8 to meet our statutory responsibil
Page 11 and 12: 10 1 Annual Report IPSA Annual Repo
Page 13 and 14: 12 claims and increasing the propor
Page 15 and 16: 14 main review of MPs’ pay and pe
Page 17 and 18: 16 also made a range of changes to
Page 19 and 20: 18 responded to 100% of the 98 Free
Page 21 and 22: 20 made over this period. These wil
Page 23 and 24: 22 2. ipsa - who we are and what we
Page 25 and 26: 24 12 MPs’ pay is set by IPSA. IP
Page 27 and 28: 26 Benefactor Fellow at his old col
Page 29 and 30: 28 2 Annual Accounts IPSA Annual Re
Page 31 and 32: 30 The Speaker’s Committee, Chair
Page 33 and 34: 32 Waste Area Actual Performance No
Page 35 and 36: 34 Use of Resources The following t
Page 37 and 38: 36 C Remuneration Report The follow
Page 39 and 40: 38 IPSA CEO and Directors Reporting
Page 41: 40 The CETV figures, and the other
Page 45 and 46: 44 Corporate Governance The Corpora
Page 47 and 48: 46 confirm that no significant gaps
Page 49 and 50: 48 F The Certificate of the Comptro
Page 51 and 52: 50 G. IPSA (Parliamentary Supply) A
Page 53 and 54: 52 Statement of Financial Position
Page 55 and 56: 54 Statement of Changes in Taxpayer
Page 57 and 58: 56 of defined contribution schemes,
Page 59 and 60: 58 1.18 Impending application of ne
Page 61 and 62: 60 4. Reconciliation of Net Cash Re
Page 63 and 64: 62 8. Staff numbers and related cos
Page 65 and 66: 64 9. IPSA Operational Costs 2011-1
Page 67 and 68: 66 11. Intangible assets Intangible
Page 69 and 70: 68 15. Trade payables and other cur
Page 71 and 72: 70 19. Losses and special payments
Page 73 and 74: 72 3 Annual Report by the Complianc
Page 75 and 76: 74 Speaker of the House and the Chi
Page 77: 76 Table 1: Summary of complaints r

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